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DTCC sees end of physical certificates
11 July 2012 New York
Reporter: Georgina Lavers

The Depository Trust & Clearing Corporation (DTCC) today outlined a proposal to fully dematerialize the US financial services industry, helping reduce the costs and risks associated with existing physical securities...

Malta Stock Exchange to use Deutsche Börse
11 July 2012 Malta
Reporter: Georgina Lavers

The Malta Stock Exchange (MSE) migrated its electronic securities trading to Deutsche Börse’s Xetra trading system on Monday. Xetra trading participants can now use Deutsche Börse’s infrastructure...

Clearstream's June 2012 figures show 2 percent decrease
10 July 2012 Frankfurt
Reporter: Mark Dugdale

The value of Clearstream's customers’ assets, which it holds under custody on their behalf, was €11.1 trillion—a 2 percent decrease from June 2011’s figure of €11.3 trillion...

Bill Kelly joins HedgeServ
10 July 2012 New York
Reporter: Georgina Lavers

Bill Kelly has joined HedgeServ as global head of sales and will be responsible for building relationships with hedge fund managers, funds of hedge funds, private equity funds, and institutional investment managers...

Chinese bank licenses XSP product
10 July 2012 New York
Reporter: Georgina Lavers

Industrial and Commercial Bank of China Financial Services (ICBCFS), a wholly owned subsidiary of ICBC Limited has licensed XSP’s newest product, XSPrisa...

Deutsche Bank makes changes in global transaction banking division
09 July 2012 London
Reporter: Georgina Lavers

Deutsche Bank’s global transaction banking (GTB) division has announced several key appointments in its trust and securities services and cash management for financial institutions (TSS/CMFI) business...

Euroclear UK & Ireland reduces fund fees
09 July 2012 London
Reporter: Georgina Lavers

Euroclear UK & Ireland (EUI) has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect...

SocGen SS mandated by Titanium Finance
09 July 2012 Luxembourg
Reporter: Georgina Lavers

Societe Generale Securities Services (SGSS) in Luxembourg has been mandated by Titanium Finance to provide trustee, pricing, transfer agent and registrar services for its first asset management structure launched in Luxembourg...

Centro Fund Services launched in South Africa
06 July 2012 London
Reporter: Georgina Lavers

A triparty made up of Point Nine Financial Technologies, Prime Administration and the IDS Group, has joined together to form Centro Fund Services, an independent middle office service provider to the South African investment manager market...

NYSE Euronext chooses Patrick Birley for new clearing house
06 July 2012 New York
Reporter: Georgina Lavers

Patrick Birley will be chief commercial officer of NYSE Euronext’s (NYX) new full-service clearing house in London, which is due to commence operations from June 2013.

Hirtenstein is new head of portfolio solutions for RBC Dexia
06 July 2012 London
Reporter: Georgina Lavers

RBC Dexia Investor Services has appointed Simon Hirtenstein as head of portfolio solutions within its market products & services (MPS) team...

KB associates appoints senior to Luxembourg
05 July 2012 Luxembourg
Reporter: Georgina Lavers

KB Associates has chosen Bjørn Barbesgaard as a senior consultant in Luxembourg. Barbesgaard will be responsible for advising asset managers on the establishment of funds in Luxembourg...